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Property for sale
5 Flats - Freehold & Building Plot Station Road, Merstham, Redhill, Surrey, RH1 3EE
£365,000
5 Flats - Freehold & Building Plot Station Road, Merstham, Redhill, Surrey, RH1 3EE
£365,000
Our Summary
- Plus Building Plot for a Detached Bungalow
- Ample parkingCommunal gardenAdjacent Building Plot with Planning Permission for a detached bungalow
- Planning permission for a detached bungalow
Description
For sale is a freehold house in a secure online bidding process, with terms and conditions applying. The property is divided into five self-contained flats, including three sold on long leases and two let on ASTs. The flats generate an annual income of £24,600, with one flat worth over £400,000 and currently let for £23,500 per annum. The property also includes a building plot with planning permission for a detached bungalow. The property has ample parking, a communal garden, and is situated adjacent to the building plot. The flats are held on various leases, including a 166-year lease for Flat 1, a 125-year lease for Flats 2 and 5, and a 172-year lease for Flat 4. Please note that the property has not been inspected.